Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Panama - 2024

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Panama (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Panama (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Panama
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Panama

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Panama (CIF) - 2022

In 2022, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $7,835 per ton, surging by 99% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $10,893 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($23,753 per ton), while the price for China ($5,190 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+23.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Panama (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $7,109 per ton in 2022, jumping by 96% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 317% against the previous year. As a result, the export price attained the peak level of $11,771 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($8,239 per ton), while the average price for exports to Costa Rica amounted to $3,300 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Panama

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses imported into Panama contracted dramatically to 33 tons, dropping by -54.7% on the previous year. Overall, imports continue to indicate a dramatic curtailment. The smallest decline of -32.7% was in 2021.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses declined to $259K in 2022. In general, imports recorded a sharp slump.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Panama in 2022:

1. Guatemala (28.6 tons)
2. Free Zones (4.1 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Panama

In 2022, approx. 92 kg of footwear; parts, outer soles and heels, of rubber or plasticses were exported from Panama; reducing by -94.8% compared with the year before. Over the period under review, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 510%. As a result, the exports reached the peak of 1.8 tons, and then reduced dramatically in the following year.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses shrank markedly to $654 in 2022. In general, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 235%.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Panama in 2022:

1. Jamaica (71.0 kg)
2. Costa Rica (20.0 kg)

Source: IndexBox Market Intelligence Platform